Ensuring Access to Cash in Emergencies

In times of crisis, having access to financial resources can be crucial for ensuring your safety and well-being. As part of our ongoing series on emergency preparedness, we at Viking 6 Tactical emphasize the importance of having a plan in place to secure funds when traditional banking systems may be unavailable. In this installment, we explore strategies for maintaining a cash reserve to navigate through emergencies effectively.

With the potential for power outages and disruptions to phone systems during emergencies, relying solely on electronic transactions can be risky. Banking services, credit card transactions, and ATM withdrawals may be inaccessible, making it essential to have a reserve of cash on hand for emergencies.

We recommend keeping an emergency stash of money specifically designated for such situations. This cash reserve should be easily accessible and stored securely in a location known only to you and trusted family members.

When determining the amount of cash to keep on hand, consider your immediate needs for transportation, lodging, and meals in the event of an evacuation. Plan to have enough cash for at least two full tank fill-ups for your vehicle to facilitate your departure from the affected area. Additionally, budget for two nights in a hotel and meals to sustain you during your evacuation.

It's crucial to keep your emergency cash in smaller denominations, including ones, fives, tens, and occasional twenties. During emergencies, merchants may refuse to make change or round up prices if exact change is not provided. By having a variety of denominations, you can avoid overpaying for goods and services.

When carrying your emergency cash, practice discretion and keep it separated into different pockets or compartments. Avoid displaying large sums of money unnecessarily, as this could attract unwanted attention. When making purchases, estimate the cost of items and only show the amount you expect to pay to prevent overinflation of prices.

By proactively preparing for financial emergencies and maintaining a cash reserve, you can ensure that you have the resources needed to navigate through challenging circumstances with confidence and security.